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Texas Insurance Code - INS § 2204.102. Investments in Member or Agent

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The commissioner by rule may establish limitations on investments in a member.

(b) An investment, directly or indirectly, in a member by an agent transacting business on the exchange or in an agent transacting business on the exchange by a member is limited in the aggregate to:

(1) less than 20 percent of the total investment in the member or agent;  or

(2) a lesser amount provided by a rule adopted by the commissioner.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2204.102. Investments in Member or Agent - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2204-102/

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